Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated on: 30 May, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Bajaj Electricals Ltd

About the Company - Bajaj Electricals Ltd

Bajaj Electricals Ltd. is a Public Limited Listed company incorporated on 14/07/1938 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L31500MH1938PLC009887 and registration number is 009887. Currently Company is involved in the business activities of Manufacture of other pumps, compressors, taps and valves. Company’s Total Operating Revenue is Rs. 4770.35 Cr. and Equity Capital is Rs. 22.97 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Domestic Appliances45/47, Veer Nariman Road, Mumbai Maharashtra 400001legal@bajajelectricals.com
http://www.bajajelectricals.com
Management
NamePosition Held
Mr. Shekhar BajajChairman
Mr. Anuj PoddarManaging Director & CEO
Mrs. Pooja BajajNon Executive Director
Mr. Rajiv BajajNon Executive Director
Mr. Madhur BajajNon Executive Director
Mr. Shailesh HaribhaktiIndependent Director
Mr. Harsh Vardhan GoenkaIndependent Director
Dr.(Mrs.) Indu ShahaniIndependent Director
Dr. Rajendra Prasad SinghIndependent Director
Mr. Munish KhetrapalIndependent Director
Mr. Sudarshan SampathkumarIndependent Director

Basic Stock Data of Bajaj Electricals Ltd

Last Updated: April 10, 2024, 3:25 am

Market Cap 11,530 Cr.
Current Price 1,001
High / Low1,223/884
Stock P/E64.6
Book Value 123
Dividend Yield0.40 %
ROCE18.5 %
ROE12.2 %
Face Value 2.00
PEG Ratio0.82

Bajaj Electricals Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales1,4971,2548531,2971,3121,3271,1241,2201,3081,2921,1121,1131,229
Expenses1,3491,1838461,2051,2201,2641,0511,1271,2041,1951,0431,0361,174
Operating Profit148727929263739410498697755
OPM %10%6%1%7%7%5%6%8%8%8%6%7%4%
Other Income232913211019920122223945
Interest1611151916107101512121420
Depreciation18161415161615181621212629
Profit before tax13674-979705660868686594651
Tax %26%24%26%21%26%24%26%26%26%32%27%27%26%
Net Profit10156-662524244646359433338
EPS in Rs8.814.89-0.565.404.493.663.875.565.525.103.762.913.29

Last Updated: May 7, 2024, 4:59 pm

Bajaj Electricals Ltd Quarterly Chart

Bajaj Electricals Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales3,0773,3514,0024,2324,5904,2544,6976,6564,9754,5724,7865,4185,000
Expenses2,8403,2393,9204,1434,3264,0114,4036,3084,7684,2714,5355,0604,675
Operating Profit2371128288264243293348207302251358325
OPM %8%3%2%2%6%6%6%5%4%7%5%7%7%
Other Income144115244836-36655384598391
Interest636978104108805911616976694854
Depreciation13142529273034386869637586
Profit before tax17669-6-2117716816425922241179318277
Tax %33%26%11%33%38%36%49%36%101%24%23%27%
Net Profit11851-5-1411010884167-0184137231199
EPS in Rs10.664.62-0.48-1.259.859.577.3914.69-0.0116.0411.9120.0317.29
Dividend Payout %24%39%-282%-108%26%26%43%21%0%0%25%20%

Bajaj Electricals Ltd Profit & Loss Yearly Chart

Bajaj Electricals Ltd Growth

Compounded Sales Growth
10 Years:1%
5 Years:-7%
3 Years:1%
TTM:-14%
Compounded Profit Growth
10 Years:39%
5 Years:-4%
3 Years:-5%
TTM:-40%
Stock Price CAGR
10 Years:13%
5 Years:14%
3 Years:-2%
1 Year:-12%
Return on Equity
10 Years:9%
5 Years:8%
3 Years:10%
Last Year:8%

Last Updated: April 10, 2024, 3:25 am

Bajaj Electricals Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital20202020202020202323232323
Reserves6807096906677368519241,0571,3571,5821,7221,9381,390
Borrowings2091663484088996477231,5821,07954182101203
Other Liabilities1,0431,2631,6271,7271,3051,5691,8052,5002,1002,1052,1752,6522,223
Total Liabilities1,9522,1572,6852,8222,9603,0873,4735,1604,5594,2504,0024,7153,838
Fixed Assets184226249278276310316322404461685753814
CWIP3633218691118434272
Investments44306759808014515338499149
Other Assets1,7211,8952,3662,4822,5832,6883,1364,7784,0913,7343,2253,8292,903
Total Assets1,9522,1572,6852,8222,9603,0873,4735,1604,5594,2504,0024,7153,838

Bajaj Electricals Ltd Reserves and Borrowings Chart

Bajaj Electricals Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 76141-7121305437-103-602627660931450
Cash from Investing Activity -68-0-76-83-53-9036-127-46-110-86-99
Cash from Financing Activity -2-14487-56-239-36864718-491-605-772-129
Net Cash Flow6-44-1913-22-3-1190-5673222

Bajaj Electricals Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days10910211311111211513614415012187100
Inventory Days566057586076686476118109103
Days Payable13113915214266841008599115136153
Cash Conversion Cycle352317271061071041231271245950
Working Capital Days432820196041718569672931
ROCE %29%13%7%8%21%16%20%17%7%12%13%18%

Bajaj Electricals Ltd Financial Efficiency Indicators Chart

Bajaj Electricals Ltd Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters63.10%63.05%63.01%62.98%62.96%62.91%62.89%62.86%62.85%62.85%62.85%62.80%
FIIs12.03%12.86%11.75%10.64%10.51%10.81%11.26%11.22%10.92%10.49%10.41%10.18%
DIIs11.29%11.05%11.61%12.04%12.41%12.30%12.23%12.39%11.96%12.06%12.11%12.61%
Public13.57%13.04%13.64%14.35%14.12%13.98%13.62%13.51%14.26%14.60%14.62%14.41%
No. of Shareholders58,71353,70066,82571,89772,57370,31966,01863,05960,38963,10165,60063,094

Bajaj Electricals Ltd Shareholding Pattern Chart

No. of Bajaj Electricals Ltd Shareholders

Bajaj Electricals Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
HDFC Small Cap Fund - Regular Plan55825402.46569.67
Nippon India Small Cap Fund30620710.84312.47
ICICI Prudential Multicap Fund6930150.8170.72
Mahindra Manulife Small Cap Fund2961811.3530.22
Baroda BNP Paribas Flexi Cap Fund1438001.2414.67
Mahindra Manulife Flexi Cap Fund1370231.3713.98
HDFC Capital Builder Value Fund - Regular Plan885710.169.04
Aditya Birla Sun Life Special Opportunities Fund863101.398.81
LIC MF Multi Cap Fund754681.137.7
LIC MF ULIS 10 Yrs Regular Premium Reducing cover618541.416.31

Bajaj Electricals Ltd ROCE Trend

Bajaj Electricals Ltd EPS Trend

Bajaj Electricals Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue2.002.002.002.002.00
Basic EPS (Rs.)18.8010.8516.54-0.9915.02
Diluted EPS (Rs.)18.7710.8116.49-0.9914.98
Cash EPS (Rs.)25.8916.8623.065.8219.52
Book Value[Excl.RevalReserv]/Share (Rs.)165.74148.44140.10118.51103.11
Book Value[Incl.RevalReserv]/Share (Rs.)165.74148.44140.10118.51103.11
Revenue From Operations / Share (Rs.)471.80418.98400.27438.37652.29
PBDIT / Share (Rs.)37.6727.7232.5122.3739.56
PBIT / Share (Rs.)30.5721.7025.9515.8935.26
PBT / Share (Rs.)26.3714.4821.500.8723.78
Net Profit / Share (Rs.)18.7910.8316.50-0.6515.23
NP After MI And SOA / Share (Rs.)18.7911.1916.64-0.8115.27
PBDIT Margin (%)7.986.618.125.106.06
PBIT Margin (%)6.475.176.483.625.40
PBT Margin (%)5.583.455.370.203.64
Net Profit Margin (%)3.982.584.12-0.142.33
NP After MI And SOA Margin (%)3.982.674.15-0.182.34
Return on Networth / Equity (%)11.337.4211.87-0.6814.81
Return on Capital Employeed (%)17.0713.5917.0711.2526.53
Return On Assets (%)4.623.214.48-0.203.01
Long Term Debt / Equity (X)0.000.010.010.050.20
Total Debt / Equity (X)0.000.020.160.551.50
Asset Turnover Ratio (%)1.241.151.041.021.55
Current Ratio (X)1.301.211.181.111.05
Quick Ratio (X)0.890.740.780.870.82
Inventory Turnover Ratio (X)0.500.410.350.400.67
Dividend Payout Ratio (NP) (%)15.940.000.000.0022.85
Dividend Payout Ratio (CP) (%)11.570.000.000.0017.84
Earning Retention Ratio (%)84.060.000.000.0077.15
Cash Earning Retention Ratio (%)88.430.000.000.0082.16
Interest Coverage Ratio (X)8.964.574.871.493.44
Interest Coverage Ratio (Post Tax) (X)5.472.973.140.952.33
Enterprise Value (Cr.)11736.7812224.9911392.023680.347291.52
EV / Net Operating Revenue (X)2.162.542.480.731.09
EV / EBITDA (X)27.0738.3830.5914.4618.00
MarketCap / Net Operating Revenue (X)2.232.572.440.610.85
Retention Ratios (%)84.050.000.000.0077.14
Price / BV (X)6.357.136.982.265.42
Price / Net Operating Revenue (X)2.232.572.440.610.85
EarningsYield0.010.010.010.000.02

Bajaj Electricals Ltd Profitability Ratios (%)

Bajaj Electricals Ltd Liquidity Ratios

Bajaj Electricals Ltd Liquidity Ratios (%)

Bajaj Electricals Ltd Interest Coverage Ratios (%)

Bajaj Electricals Ltd Valuation Ratios

Fair Value

Fair Value: ₹973.27

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Overvalued: 2.77% compared to the current price ₹1001

Intrinsic Value: ₹1,740.69

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 73.90% compared to the current price ₹1001

Last 5 Year EPS CAGR: 78.85%

*Investments are subject to market risks

Strength and Weakness of Bajaj Electricals Ltd Stock

StrengthWeakness
  1. The stock has a high average ROCE of 15.08%, which is a positive sign.
  2. The company has higher reserves (1,100.23 cr) compared to borrowings (537.54 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (4.15 cr) and profit (155.62 cr) over the years.
  1. The stock has a high average Working Capital Days of 46.92, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 75.17, which may not be favorable.

FAQ

What is the latest fair value of Bajaj Electricals Ltd?

The latest fair value of Bajaj Electricals Ltd is 973.27.

What is the Market Cap of Bajaj Electricals Ltd?

The Market Cap of Bajaj Electricals Ltd is 11,530 Cr..

What is the current Stock Price of Bajaj Electricals Ltd as on 13 April 2024?

The current stock price of Bajaj Electricals Ltd as on 13 April 2024 is 1,001.

What is the High / Low of Bajaj Electricals Ltd stocks in FY 2024?

In FY 2024, the High / Low of Bajaj Electricals Ltd stocks is ₹1,223/884.

What is the Stock P/E of Bajaj Electricals Ltd?

The Stock P/E of Bajaj Electricals Ltd is 64.6.

What is the Book Value of Bajaj Electricals Ltd?

The Book Value of Bajaj Electricals Ltd is 123.

What is the Dividend Yield of Bajaj Electricals Ltd?

The Dividend Yield of Bajaj Electricals Ltd is 0.40 %.

What is the ROCE of Bajaj Electricals Ltd?

The ROCE of Bajaj Electricals Ltd is 18.5 %.

What is the ROE of Bajaj Electricals Ltd?

The ROE of Bajaj Electricals Ltd is 12.2 %.

What is the Face Value of Bajaj Electricals Ltd?

The Face Value of Bajaj Electricals Ltd is 2.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Bajaj Electricals Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE